2012 Renfro Trust Fund Grants
The Lake Junaluska Executive Committee has implemented a moratorium on Renfro Trust Fund Grants for the 2012 grant cycle; therefore, no distributions will be made this year. The Renfro Trust is “underwater” meaning the current market value of the fund is less than the contributions made to initially establish the trust. The Executive Committee believes the best business decision is not to make distributions this year in hopes the market value of the fund will recover and allow for distributions in 2013. We regret we will not be able to provide grants to rural United Methodist churches this year, but hope this decision will allow the fund to improve and provide funding for future requests.